Beating the IRS

by | Feb 21, 2020

Your Guide to Reducing or Avoiding IRS Penalties

If you take your eye off the ball and file your tax returns late or fail to pay your taxes on time, you could face huge penalties.  However, if you know how to handle things right, the cold-hearted IRS will show you mercy and forgive your sins.  How do you get Uncle Sam to let you off the hook?  We have a terrific guide to help you out.

3 Ways Our Fact-Filled Guide Can Help You!

  1. We’ll tell you the 3 magic words that work wonders. If the IRS ever hits you with a failure-to-file or a failure-to-pay penalty, just pick up the phone and utter this three word phrase. When you do, provided you have no other tax compliance issues, the IRS will remove the penalties.
  2. You’ll learn how to avoid penalties by citing a “reasonable cause.”  The IRS will remove penalties if you can explain why you didn’t file or pay on time, however, you’ll need to come up with a “reasonable cause” that passes muster. We’ll list three reasonable causes that the IRS will accept.
  3. We’ll tell you how to avoid making serious mistakes.  If you say the wrong thing to the IRS they won’t forgive errors. With this guide you will learn exactly which phrases to avoid.

This terrific guide is written by our friends at the Bradford Institute. Download your copy by clicking on the link below.

 It’s a good life!

Randy Signature 50% (FName)


You May Also Like…

Inflation Update February 2023

Inflation Update February 2023

Retirement Planning:  SecuritiesJoseph Maas, Synergy Asset ManagementCPI Components Before diving deeper into what CPI...

Investment Advisory Services are offered through Lifetime Financial, Inc., a Registered Investment Advisory. Insurance and other financial products and services are offered through Lifetime Paradigm, Inc. or Lifetime Paradigm Insurance Services. Neither Lifetime Financial, Inc. nor Lifetime Paradigm, Inc., or its associates and subsidiaries provide any specific tax or legal advice. Only guidance is provided in these areas. For specific recommendations please consult with a qualified, licensed Advisor. Past performance is no guarantee of future results. Your results can and will vary. Investments are subject to risk, including market and interest rate fluctuations. Investors can and do lose money and, unless otherwise noted, they are not guaranteed. Information provided is for educational purposes only and is not intended for the sale or purchase of any specific securities product, service or investment strategy. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER, TAX PROFESSIONAL, OR ATTORNEY BEFORE IMPLEMENTING ANY STRATEGY OR RECOMMENDATION DISCUSSED HEREIN.

This message is intended for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient, any dissemination, distribution or copying of this communication is strictly prohibited. If you think you have received this communication in error, please notify us immediately by reply e-mail or by telephone (800) 810-1736 and delete the original message.

This notice is required by IRS Circular 230, which regulates written communications about federal tax matters between tax advisors and their clients. To the extent the preceding correspondence and/or any attachment is a written tax advice communication, it is not a full "covered opinion." Accordingly, this advice is not intended and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS.